DevEx Resources (ASX:DEV) raises $8M for expanded exploration

The Sovereign Project. Source: DevEx Resources DevEx Resources (DEV) has received firm commitments to raise just under $8 million for expanded exploration work at its WA, NSW and Northern Territory projects

The company raised the additional $7.97 million in capital via a share placement, with investors offered DEV shares at 32 cents each

The extra cash gives DevEx a total cash balance of around $17.6 million and the company stated it will use the funds on its 2021 work program

This includes expanded aircore drilling at the Sovereign Nickel-Copper-PGE Project, which is located near Chalice Mining’s (CHN) Julimar discovery in WA DEV will also carry out expanded drilling programs at the Wilga Downs Gold-Base Metals Project and its Junee Copper-Gold Project, both in NSW Finally, the company has flagged using some of the capital raise funds on renewed field exploration at the Nabarlek Uranium and Gold-Copper Project Shares in […]

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